In response to the coronavirus (COVID-19) pandemic, states have passed new laws and issued new regulations and guidance about employee leave taken for COVID-19 reasons. These provisions are in addition to the federal Emergency Paid Sick Leave and Emergency Family and Medical Leave Expansion require…Continued
The spread of COVID-19 has affected worker’s health, business operations and financial markets. Multiemployer pension plans will have to manage work force availability, business interruption, and investment uncertainty after significant market value decreases. The impact on individual plans will de…Continued
The Coronavirus (COVID-19) pandemic has been evolving quickly and new circumstances and information are unfolding each day. As always, Bolton is committed to serving our clients and keeping you informed and prepared for what is coming. One major effect of the pandemic in the US has been the free …Continued
The U.S. Department of Labor (DOL) has issued frequently asked questions (FAQs) that address exemptions to the paid leave requirements under the Families First Coronavirus Response Act (FFCRA). The FFCRA requires covered employers to provide their employees with paid sick leave or expanded family a…Continued
On March 27, 2020, the U.S. Congress passed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) to provide $2.2 trillion in federal funding to address the COVID-19 crisis. The President signed the CARES Act into law the same day.Following and building upon two other federal laws that …Continued
With the current disruption that we are all experiencing, it is important to remember critical fiduciary functions. The recent spike in volatility on Wall Street is a strong reminder to plan fiduciaries that they need to remain vigilant overseeing the governance of their plans. While many particip…Continued
